Days Outstanding widget
This widget presents a bar graph that displays the average number of days to pay vouchered purchases and average number of days to collect revenue after a sale has been made for this time period.
This widget can display the bar graph for both days sales outstanding and days payable outstanding. Days sales outstanding indicates the average number of days to collect revenue after a sale has been made whereas days payable outstanding indicates the average number of days to pay vouchered purchases for this period.
Calculations:
- Days Sales Outstanding = (Accounts Receivable / Total Credit Sales) * Number of Days
- Days Payable Outstanding = (Accounts Payable / Total Vouchered Purchases) * Number of Days